The country of Caspir produces only cereal and milk. Quantities and prices of these goods for the last several years shown below. The base year is 2008. Prices and Quantities Year Price of Cereal Quantity of Price of Milk Quantity of Cereal Milk 2008 $4.00 90 $1.50 150 2009 $4.00 100 $2.00 180 In 2009, this country's Select one: O a. real GDP was $660, and the GDP deflator was 115.2 O b. real GDP was $670, and the GDP deflator was 115.2 C. real GDP was $670, and the GDP deflator was 113.4 O d. real GDP was $660, and the GDP deflator was 113.4 Next page ge

The country of Caspir produces only cereal and milk. Quantities and prices of these goods for the last several years shown below. The base year is 2008. Prices and Quantities Year Price of Cereal Quantity of Price of Milk Quantity of Cereal Milk 2008 $4.00 90 $1.50 150 2009 $4.00 100 $2.00 180 In 2009, this country's Select one: O a. real GDP was $660, and the GDP deflator was 115.2 O b. real GDP was $670, and the GDP deflator was 115.2 C. real GDP was $670, and the GDP deflator was 113.4 O d. real GDP was $660, and the GDP deflator was 113.4 Next page ge

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter3: Scarcity, Trade-offs, And Production Possibilities

Section: Chapter Questions

Problem 13P

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Similar questions

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